Twitter co-founder Jack Dorsey is stepping down as chief executive of the company.
He will be replaced by the current chief technical officer, Parag Agrawal, Twitter said.
Mr Dorsey, who co-founded Twitter in 2006, has been serving as chief executive of both Twitter and payment firm Square.
"It's finally time for me to leave" he wrote in a statement, saying the company was "ready to move on."
Mr Dorsey said he had "deep" trust in his replacement. "I'm deeply grateful for his skill, heart, and soul. It's his time to lead," he said.
Mr Agrawal joined Twitter in 2011, and has been the firm's head of technology since 2017.
The 45-year-old co-founded the company with Biz Stone, Evan Williams and Noah Glass in 2006.
Mr Dorsey has, however, become the face of the company, having sent the earliest tweets on the service and due to his long tenure as chief executive.
He left the role of Twitter chief in 2008 and founded the digital payments app Square, which has also grown into a multi-billion dollar company.
Jack Dorsey's Square in Australia's biggest buyout
Jack Dorsey's first ever tweet sells for $2.9m
However, he was brought back to helm Twitter in 2015 after then-chief executive Dick Costolo stepped down.
The role has seen him appear in televised inquiries before US politicians to be quizzed about his platform and its potential role in the spread of disinformation - something Twitter has been repeatedly accused of acting too slowly on in recent years.
Like other social media sites it has also been accused of political bias on both sides of the US political divide.
(Source: BBC news website, headline composed by Newsroom, photo from internet)
Comments